Let’s check out what was the most important news and trends on the crypto market in September.
zondacrypto Team
10 October 2023
3 February 2024
The FED Pauses Interest Rate Hikes
The Federal Reserve System (FED), the central bank of the US has decided to put a pause on its interest rate hike policy that saw interest rates rising from 0.5% to 5.5% in a year and half since March 2022. However, it isn’t clear whether the FED is ending its interest rate hike cycle or if they’re just pausing to gather the means to continue with the rate hikes. Nonetheless, if the pause signifies a potential economic recovery in the following period, crypto prices might also see some increases due to the rise of the general financial market stability. It’s important to stay vigilant regarding crypto investments because the price swings can go both ways.
Crypto Regulations Are Speeding Up
During September, crypto regulators have been speeding up on a global basis. The International Monetary Fund (IMF), European Central Bank (ECB), and the European Commission (EC) have published announcements regarding the need for regulating the crypto market, with special focus on stablecoins and decentralized finance (DeFi). At the same time, the US Securities and Exchange Commission (SEC) has announced that they will be filing further charges against additional exchange platforms and DeFi protocols to combat non-regulated crypto services and protect users.
NFTs Have Plunged
NFTs have witnessed a major upsurge during the crypto bull market in 2021, but have been on a downward path ever since. A recent market report shows that, based on data from CoinMarketCap and NFT Scan, 95% of NFT holders are now holding worthless digital assets. Around 69,000 NFT collections out of 73,000 have a market capitalization of 0 ETH. This data shows that NFTs have proved to be a far riskier investment compared to cryptocurrencies during the last two years.
DISCLAIMER
This content does not constitute investment advice, financial advice, trading advice or any other type of advice and should not be considered as such; zondacrypto does not recommend buying, selling or owning any cryptocurrency. Investing in cryptocurrencies involves a high degree of risk. There is a risk of losing invested funds due to changes in cryptocurrency exchange rates.
Today, we would like to talk about blockchain operations from the side of the protocols. Their collaboration aims to come as close as possible to solving the blockchain trilemma. Find out how this interconnected system works!
Monacotribune: zondacrypto becomes the main partner of AS Monaco Basket in the EuroLeague
zondacrypto strengthens its presence in the sports world by becoming the main partner of AS Monaco Basket for the EuroLeague season. The crypto exchange’s logo will feature on players’ jerseys, highlighting a shared mission of merging financial innovation with basketball passion.
BolognaFC: zondacrypto becomes the new top partner and official crypto exchange partner of Bologna FC 1909
zondacrypto becomes the new Top Partner and Official Crypto Exchange Partner of Bologna FC 1909 for the 2024/2025 season. This partnership highlights the company’s ambition to bridge the world of football with the growing cryptocurrency market, offering cutting-edge technologies and top-level security.
Atalanta: zondacrypto is becoming more and more closely connected with Atalanta
The new partnership with Atalanta marks another important step for zondacrypto, which focuses on innovative solutions by sponsoring a top Italian football club.
Forbes Italia: Giorgio Chiellini, ambassador of zondacrypto - "Cryptocurrencies are the future"
zondacrypto, in collaboration with Giorgio Chiellini, opens the door to the future of cryptocurrency investments. As an ambassador, Chiellini emphasizes the importance of blockchain education, helping users understand the benefits of modern technologies.
Forbes Italia: What is zondacrypto, the cryptocurrency platform behind the sponsorship of Juventus and the Giro d’Italia?
zondacrypto is a platform that has revolutionized the cryptocurrency market, offering users a simple and secure space for trading and education. With licenses in multiple countries, the company is focused on growth and global expansion, including strategic partnerships in Europe.
PEZ Cycling news: CANYON//SRAM Racing signs zondacrypto as new title sponsor
CANYON//SRAM Racing has partnered with zondacrypto, which will bring even more innovation to women’s cycling. The team will be renamed CANYON//SRAM zondacrypto, and the partnership aims to further develop the sport and collaborate in the field of modern financial technologies.
ASMFC: Crypto Gala in Monaco celebrates zondacrypto's key achievements and partnerships in Monaco
The zondacrypto Gala in Monaco was more than just an unveiling of the new ZND token—it was a step towards strengthening ties with Monaco’s top sports and cultural institutions. The evening also featured a charity auction in support of the Princess Charlene Foundation.
Monacolife: zondacrypto becomes AS Monaco Basketball’s main partner for EuroLeague campaign
AS Monaco Basketball and zondacrypto join forces to push boundaries - both on the court and in the world of digital finance. This partnership marks another step in zondacrypto’s expansion into sports and technology.
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